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Nirvanix Scrambles To Transfer Cloud Data Before Shutdown

socalTECH

Nirvanix said it is providing "the resources we can" to assist its customers to return their data, or move their data to such services as IBM SoftLayer, Amazon S3, Google Storage or Microsoft Azure.

S3
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Understanding Changes in the Software & Venture Capital Industries

Both Sides of the Table

.&# What this meant was that rather than buying really expensive UNIX servers (and multiple machines in order to handle redundancy) we could buy cheap, replaceable servers for compute resources. They started by offering cloud storage (S3) on a super cheap, pay-as-you consume basis. These are very different.

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This Week in VC with Farb Nivi, Founder of Grockit

Both Sides of the Table

More importantly, if you think you want to go down the non-VC route Ryan would be a great resource to contact. __. Current round: $8.1mm in Series C by S3 Ventures (lead), Adams Capital Mgmt, Triangle Peak Partners. That means he doesn’t have to create a $50 million exit to have great financial results for himself. BlockChalk.

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Data is the Next Major Layer of the Cloud & A Major Victory for Startups

Both Sides of the Table

Our chief architect, Ryan Lissack, wanted to store our data in Amazon’s new (at the time) storage product called S3 that enabled us to store all our data in their facility and we’d pay by the MBs uploaded / downloaded. So we only had to raise $500,000 to get going and again hardware ate just over 10% of the round.

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Choosing Internet Platforms

SoCal CTO

Especially when there are things like: Amazon S3 / EC2 / AWS outage this morning. They also are VERY interesting for background processing tasks that take compute resources or from a storage cloud standpoint. Compared cost there vs. second company that raised $500K and used S3 and other platforms.